The pause on the biggest of Trump's tariffs won't pass this week, as planned, but the problems they present still loom large.

Trump slapped a 50% tariff on Brazil, and Brazilian President Luiz Inacio Lula da Silva said his country would respond.

US President Donald Trump unveiled a new round of tariff demand letters on Wednesday, including a 50% rate on Brazil, one of the highest so far announced for the levies which are set to hit in August.

The levy is the highest announced so far in Trump’s letters to world leaders this week, and comes after he wrote a lengthy message supporting the former Brazilian leader.

Scavino is the third top official who, along with two others, sold Trump Media stock with the combined value of up to $10 million before tariffs news

Ernie Tedeschi of The Budget Lab at Yale breaks down the tariff revenues released by the Trump's administration. He also discusses the Fed's dilemma as they balance future supply and demand side risks which are trending towards the upside.

Oil prices were steady on Thursday as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth, while a weaker dollar and signs of strong U.S. gasoline demand underpinned prices.

With tariffs being applied to more countries, Kohl's Corp. believes it won't change its financial outlook for the rest of the year.